What we will pay from today for PPC (electricity) – Detailed new invoices

The new PPC tariffs are in force from today. The decision on ETMEAR has been published in the Government Gazette, which reduces the consistency discount to 5% from 10%.

ETMEAR’s 25% reduction for PPC domestic consumers and 35% for other Low Voltage consumers provides for a decision by the Undersecretary of State for Environment and Energy Thomas published in the Government Gazette.

The decrease in ETMEAR, along with a reduction in VAT on electricity, are the two measures that offset increases in PPC tariffs approved by the company’s board of directors on Friday.

As announced by the RIS, the decision:

1. The Base Charge for the years 2019 and 2020 (and effective from 1.1.2019) is set at 17 Euro / MWh. This implies a 25% reduction for ETMEAP for home consumers and 35% for other Low Voltage consumers.

2. The rates of reduced charges for the energy-intensive industry are also set, and consumers of agricultural products maintain their discounts.

It is emphasized that account has been taken of ensuring the sustainability of the Special RES (Renewable Energy) Account and the CHP (Co-Generation of Electricity and Heat Efficiency).

“Lower ETMEAR Charges Will Have No Negative Impact”

On this issue, Mr Thomas told Parliament that “ETMEAR’s new, lower charges will not have a negative impact on RES producers. The RES account will remain in surplus. The government’s policy is to further promote RES in the country’s energy mix through a series of actions and initiatives. ”

The new PPC tariffs in effect for Sunday, September 1st for home consumption are:

– For consumption up to 2000 kWh , EUR 0,11058 per kWh from 0.0946.

– From 2000 kWh and above EUR 0.11936 per kWh, from 0.10252.

– For the night stream the price stands at EUR 0.07897 per kilowatt hour against 0.0661 today.

– The flat-rate (four-month charge) for single-phase provision is € 1.69 (from € 1.52), for three-phase it is € 5.32 (from € 4.8) and for the night (from € 2). The adjustments to fixed assets are also offset by the reduction of VAT and ETMEAR.

The same decision of the PPC Board of Directors reduces the consistency discount to 5% from 10%, introduces a zero effect pollutant clause as of 1 November and introduces a 50% discount on the non-subsidized part of the power bill for people with disabilities. beneficiaries of Social Housing Invoice (CTO).

Chatzidakis: “Power Titanic”! There are changes and a volunteer program!

The world’s most famous shipwreck, the Titanic, was likened to PPC by Environment and Energy Minister Kostis Chatzidakis and announced changes.

Speaking on SKAI television on Sunday morning, 01.09.2019, the Minister noted that 900 million euros were missing to make PPC sustainable.

In fact, Mr Chatzidakis announced a targeted voluntary exit program for PPC, while stressing that next year he will offer discount packages to consumers, to the standards of mobile phone companies.

Describing the PPC rescue plan, Mr. Chatzidakis said that the government would proceed to targeted voluntary staff costs. This, he said, will be done not only for the renewal of the staff but also because the lignite units will be gradually withdrawn.”We are not talking about workers who are pre-retirement and expecting to get a package,” Mr Chatzidakis said.

According to the current legislation, this fee is intended to compensate producers of electricity from Renewable Energy Sources (RES). It is all of us contributing to the reduction of GHG emissions through promotion of RES. The unit charges for ETMEAR are based on the applicable law.

The Specific Pollutant Emission Reduction Fee is subject to VAT.

Finally for now whilst on the subject of your electricity bill to help remove the mystification (unfortunately not the cost!) the PPC have produced this very useful guide to what all the charges are for, after clicking the image below just click green icons (with i) to see what all your individual charges are, not unusually this is not quite correct yet for new charges but a great indicator.